Recession Canceled or just massive credit card debt?

US Market & Sectors
1

Shopify just reported a record $14.6B in sales for the BFCM weekend (+27% YoY). Adobe Analytics says online spend hit $11.8B.

For months, the narrative has been -the consumer is tapped out-. Yet, looking at these numbers, people are spending like we’re in a boom.

Meanwhile, the market red-closed yesterday and Bitcoin flushed to $85k.

I am kind of struggling to read this signal. Is this the soft landing confirmed or is this just the last hurrah of spending before the January credit card bills hit?

2

That’s why the stock market is called a black box. The market/stock could go up or down due to different reasons, which may sometimes be to difficult to pinpoint.

It could just be as simple as investors/traders booking profits even in a bull run or ETF outflows for Bitcoin drop.

Try to see things from a longer-term and macro-based PoV.